Toyota Will Offer a Plug-In Hybrid Vehicle by 2010

The chief executive of the Toyota Motor Corporation said Monday that he is pushing his company’s engineers to develop a plug-in hybrid-electric vehicle with a lithium-ion battery before 2010, raising the stakes in a race with General Motors.

The comments by Katsuaki Watanabe came at a briefing here on the sidelines of the Detroit auto show, which opened to the press on Sunday.

Mr. Watanabe said he welcomed a competition with G.M., which plans to introduce its own lithium-ion hybrid, the Chevrolet Volt, around 2010.

He said the contest would help reduce the “negative aspects” of automobiles, and ultimately help the environment.

Read Full Article from New York Times

- Posted: 2008-01-14 10:18:35

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